Against the background of the Middle East conflict we study the role of social embeddedness of economic actors belonging to both conflicting parties for their perceptions of transaction problems and capabilities to solve them. Our analysis is based on a quantitative survey among Israeli food...

The impact of violent conflict on the state of the economy has been studied extensively since the two recent decades. In most studies the state of the economy is operationalized by stock market indices of the respective countries. In this paper we suggest investigating the impact of violent...

ABSTRACT Milk has become one of the most volatile agricultural commodities in the international market. High volatility of commodity prices and their implications for food security are clearly among the most important issues facing policy makers today. Thus, a deeper understanding of the...

We assess the distributional effects of the transmission of world market price shocks for the highly import dependent economy of Israel. We combine a CGE simulation with an empirical cointegration analysis for assessing the direction and extent of the connectedness of Israeli and world market...

Replaced with revised version of paper 09/14/11.